Common use of Early Withdrawal Clause in Contracts

Early Withdrawal. All or any portion of the maturity proceeds may be withdrawn prior to the maturity date. Withdrawals will be taken from contract values based upon the order in which contributions were received starting with the oldest contributions first. Withdrawals of maturity proceeds prior to their maturity date are subject to early withdrawal fees. Any early withdrawal fee will be determined separately for each contribution. The amount of an early withdrawal fee will be equal to six months interest at the guaranteed interest rate attributable to the maturity period for the amount withdrawn. CMFG Life Insurance Company will calculate the early withdrawal fee as of the date of the withdrawal. The withdrawal fee will be deducted from the maturity proceeds.